TLDR
- The Bitcoin price may experience a brief dip to $ 104,000 before the bull market resumes.
- The 50-week simple moving average has served as strong support for the Bitcoin price multiple times since mid-2023.
- Analysts expect a sharp reversal after the price reaches key support around $104,000, similar to past market cycles.
- Market sentiment has been negative, but this often signals a potential recovery for the Bitcoin price.
- The Bitcoin price remains stable around $108,000, with a strong chance of a rebound once it reaches the $104,000 level.
Analysts suggest that Bitcoin’s (BTC) price may face a brief dip to $104,000 before resuming its bullish trajectory. Historically, Bitcoin has experienced significant corrections before notable recoveries, and this trend may repeat. Many analysts believe that this price pullback is likely to happen, providing a solid foundation for the next bull run.
Bitcoin’s Long-Term Support at $102,500
The 50-week simple moving average (SMA) has consistently served as a reliable support level for the Bitcoin price. Currently, this level stands at approximately $102,500, according to TradingView data. The Bitcoin price has respected this support level four times since the bull market began in mid-2023, and analysts expect it to do so again.
Historically, the market has experienced sharp reversals after reaching this critical support level. Analyst Sykodelic noted that the current sentiment echoes previous instances of market panic. “The market always feels the worst right before it reverses,” he said, highlighting the potential for a recovery.
Bitcoin’s price reached a low of $74,000 in April 2025 and $49,000 in August 2024 after testing this support level. Both times, sentiment was severely negative before the market rebounded. This pattern could suggest that a similar situation is unfolding now.
Bitcoin Price May Dip to $104K Before Surge
Many experts predict a temporary drop in Bitcoin’s price before the bull market resumes. Analyst Negentropic mentioned the current market resembles the final phases of the September correction. “We are seeing a repeat of the final phases of correction,” he said, adding that profit-taking has been less intensive this time.
This analysis indicates that Bitcoin price may briefly dip to $104,000 as part of a healthy correction. The underlying market fundamentals, however, remain strong, signaling a potential upward shift. Despite the short-term volatility, analysts believe that institutional interest and long-term support will drive a significant recovery.
Bitcoin price has remained relatively stable over the past 24 hours, hovering around the $108,000 level. This price range has acted as both support and resistance in recent weeks. Bitcoin briefly spiked to $113,000 earlier this week before returning to $107,000, further consolidating within this zone.
Analyst Daan Crypto Trades pointed out the significance of the 200-day exponential moving average. This moving average has provided reliable support throughout Bitcoin’s bull cycle. While the market has faced uncertainty, Bitcoin’s price has managed to stay above this critical trend for extended periods.
$BTC Big area for Bitcoin here.
The Daily 200MA/EMA trend has roughly held during most of this cycle. There has been some chop around it during uncertain times, but in the end price never lost the trend for more than a month.
Moving average trends like these can be useful to… pic.twitter.com/rRjeAKgJmk
— Daan Crypto Trades (@DaanCrypto) October 22, 2025
Bitcoin’s current price action, while somewhat volatile, is a regular part of market cycles. The next significant move could be a dip to $104,000, providing an entry point before the market resumes its bull run. With strong institutional interest, Bitcoin remains on track for a possible new price surge.
